Description
DO NOT APPROACH ANY PROPERTY & DISTURB TENANTS CONFIDENTIALITY AGREEMENT REQUIRED FOR ADDITIONAL INFORMATION *This property is part of a portfolio sale* Well-established portfolio of single-family homes in St Petersburg with $204,000 of annual rent per existing leases. Many leases are below market w/ significant rent growth available upon turnover. All properties are located in areas with significant new development activity. This portfolio is best suited for a passive, cash flow oriented investor(s) seeking a stable long term investment in a fast-growing market of St Petersburg, Florida. Property management in place and willing to manage post transaction for 10% of collected rent. Potential buyers must prove financial ability to close and be familiar with valuing properties based on cash flow. Seller will give preference to offers with lower loan-to-value ratios. Seller may consider seller financing with the right legal structure. Seller is local, believes in the upside potential of this portfolio, is willing to stay involved, and is selling to facilitate retirement.
Location
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Courtesy of: DALTON WADE INC All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided by My Florida Regional MLS DBA Stellar MLS for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Updated: 29th January, 2023 8:23 AM (UTC)
